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Captive
management and administration requires considerable expertise,
including accounting, legal and fiscal, consolidation, insurance,
reinsurance and actuarial know-how. Many large enterprises
are accustomed to dealing with a host of service providers,
while benefiting from centralised captive management services
streamlines procedures, particularly in terms of coordination,
communication and follow up. In addition, appealing to an
independent captive manager is vital to ensure the compliance
of the captive's strategy with its parent group's objectives
and to avoid other external influences.
To
meet the specific needs of each client in terms of reserving
requirements, flexibility and economic environment, the Gecalux
Group has developed captive management services based in reputable
European domiciles: Luxembourg, Switzerland, Guernsey and
Ireland.
Each
of these domiciles has the following characteristics:
- international
financial centres
-
attractive regulatory environment for captives
- direct
access to supervisory authorities
- implementation
of best practice
- compliance
with specific taxation requirements
-
flexible investment and financing environment
To
continuously align the captive's evolution with its parent's
strategic objectives, the Gecalux Group develops close cooperation
with the captive sponsor and provides assistance for the selection,
coordination and implementation of the necessary facilities,
ensuring the successful operations of the captive.
Our
captive management process provides each client with a multidisciplinary
team, headed by the assigned account manager.This means that
the parent of each captive benefits from a unique entry point
and can rely on an exclusive partner ensuring the coordination
of actions, information flows and continuous follow-up:
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